Bitcoin Predictions With The Use Case of Cryptocurrency In The Short Term

23 days ago

Bitcoin Predictions With The Use Case of Cryptocurrency In The Short Term

 

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Blockchain technology can be used in many industries but largely is still in it's infancy. But that doesn't mean that the technology isn't still growing and that the value isn't seen by many at large. A great example of Blockchain use that will start making it's way into modern day society are legal issues. When you can timestamp an issue, provably, to the world, you can then have complete legal recourse as to when an event was done, stated or other, depending on the legal matter at hand. This formerly lead to many circumstantial situations where it would be difficult to prove time based on forged documents but with Blockchain technology this becomes impossible.

Next, many investors are becoming keenly aware that if they want to correlate and diversify their portfolio away from traditional markets, a good way to do that is with an uncorrelated peg with cryptocurrency. This will create an inflow from many personal investors, hedge funds and other institutions looking to hedge out of traditional markets and into cryptocurrency which will obviously create more buyers which will then increase the price of Bitcoin.

Finally, as Bitcoin expands, you can assuredly expect to see more ways to get Bitcoin by exchanges that are easier and more user friendly. The end goal is for Bitcoin to be so user friendly that many users don't even realize they are using Bitcoin in the first place. This can and will happen with more Bitcoin education and consumer awareness and more importantly Bitcoin development which will spur the use of an increasing amount of Bitcoin technology and Blockchain technologies. This allows more people to interact with the market in a way that was formerly impossible. An outsider can already see how much easier it is to buy Bitcoin today than it was simply a few years ago. If that trend continues, this is another surefire slam dunk Bitcoin prediction that will lead to a long term increase in Bitcoin's overall price.

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